Global Chemical Surface Treatment Market Projected to Surpass $23.86 Billion by 2029 with 8.9% Annual Growth

What combination of drivers is leading to accelerated growth in the chemical surface treatment market?
The expansion of the automobile industry is predicted to spur growth in the chemical surface treatment market. Increased economic prosperity and higher living standards have altered consumer buying potential. While COVID-19 has indeed caused significant shifts in our way of life and motion across the globe, it's anticipated that a fresh lifestyle will emerge. Under the current circumstances, personal mobility has become a valuable commodity due to the recommended social distancing measures to combat COVID-19. Moreover, global warming concerns and the goal of reaching net-zero emissions are facilitating the worldwide transition towards zero-emission vehicles. Such changes also cause a rise in the production of electric and hybrid vehicles, switching from petroleum-based to locally sourced power vehicles. This spike in automotive demand fuels the growth in production, and subsequently, a rising need for chemical surface treatments. These treatments can further protect the materials from corrosion and enhance their performance features. For example, the European Automobile Manufacturers Association, in April 2022, reported a 1.3% increase from the previous year in worldwide motor vehicle production, totaling to 79.1 million vehicles. Hence, the burgeoning automotive industry is set to steer the chemical surface treatment market.

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What is the projected compound annual growth rate (CAGR) of the chemical surface treatment market from 2025 to 2034, and what factors influence it?
The market for chemical surface treatment has seen substantial growth in the past few years. It is projected to expand from $15.75 billion in 2024 to $16.97 billion in 2025, yielding a Compound Annual Growth Rate (CAGR) of 7.7%. The previous growth can be linked to increased production, requirements for corrosion prevention and metal finishing, along with the electronics and semiconductors, aerospace and defense sectors.

The market size for chemical surface treatment is anticipated to experience robust expansion in the coming years. It is projected to reach $23.86 billion by 2029, with a compound annual growth rate (CAGR) of 8.9%. Factors driving this growth during the forecast period include the increasing demands for smart coatings, advanced healthcare infrastructure, high-quality plastics, functional coatings, and new pre-treatment process innovations. Trends visible during the projection period include a tilt towards environmentally friendly treatment approaches, use of nanotechnology in surface treatment, a preference for water-based surface treatment methods, thermal spray coatings, and customized treatments for particular end-use sectors.

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How are the latest trends influencing the growth of the chemical surface treatment market?
Emerging technology advancements are being recognized as the main trend catching on in the chemical surface treatment market. These advanced surface coating treatments are designed to resist wear-and-tear and reduce friction, as well as provide protection against harsh materials and cleansing agents, thereby enhancing the efficiency of various processes. Major players in the chemical surface treatment sphere are focusing on creating innovative technological solutions to meet consumer needs. For example, in January 2022, the Switzerland-based automation firm, ABB, introduced low voltage flameproof motors for intense environments. The sophisticated surface treatment applied to ABB's low voltage flameproof motors makes them resilient to even the most severe environmental situations. The motors are constructed with a strong framework and integrated feet for stability and vibration-less performance in foot-mounted applications.

What are the major segments of the chemical surface treatment market and their role in driving growth?
The chemical surface treatment market covered in this report is segmented -

1) By Type: Cleaners, Plating Chemicals, Conversion Coatings, Other Types
2) By Base Material: Metals, Plastics, Other Base Materials
3) By Application: Metals Coloring, Corrosion Inhibitors, Post Treatment, Pretreatments Cleaners, Pretreatment Conditioners, Decorative, Planting, Other Applications
4) By End-User: Building And Construction, Transportation, Aerospace And Defense, Non-Ferrous Metal, Household Appliances

Subsegments:
1) By Cleaners: Aqueous Cleaners, Solvent-Based Cleaners, Specialty Cleaners
2) By Plating Chemicals: Electroplating Chemicals, Electroless Plating Chemicals, Plating Additives
3) By Conversion Coatings: Chromate Conversion Coatings, Phosphate Conversion Coatings, Other Conversion Coatings
4) By Other Types: Surface Modifiers, Passivation Chemicals, Coating Removal Chemicals

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Which regions are key players in the growth of the chemical surface treatment market?
Asia-Pacific was the largest region in the chemical surface treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemical surface treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the chemical surface treatment market?
Major companies operating in the chemical surface treatment market include Henkel AG & Co. KGaA, Nihon Parkerizing Co., Ltd., Chemetall GmbH, NOF Corporation, Atotech Deutschland GmbH, Nippon Paint Co., Ltd., PPG Industries, Inc., Platform Specialty Products Corporation, A Brite Company, Advanced Chemical Company, AHC Oberflächentechnik GmbH, Aalberts Surface Treatment, Linde AG, Elementis plc, Solvay SA, Quaker Houghton, McGean-Rohco, Inc., Coventya International, BASF SE, DOW Chemical Company, SurTec International GmbH, Nihon Hyomen Kagaku, Chemtech Surface Finishing Co., Ltd., Koch-Chemie GmbH, Borer Chemie AG, Grauer & Weil (India) Limited, Coral Chemical Company, Ecolab Inc., Mitsubishi Chemical Corporation, Toyal America Inc.

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What Is Covered In The Chemical Surface Treatment Global Market Report?

• Market Size Forecast: Examine the chemical surface treatment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the chemical surface treatment market for a structured understanding.
• Key Players Overview: Analyze major players in the chemical surface treatment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the chemical surface treatment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the chemical surface treatment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the chemical surface treatment market.
• Industry Challenges: Identify potential risks and obstacles affecting the chemical surface treatment market.
• Competitive Landscape: Review strategic developments in the chemical surface treatment market, including expansions, agreements, and new product launches.

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